Saratoga Investment Corp Announces Monthly Dividend of $0.25 (NYSE:SAR)

Saratoga Investment Corp (NYSE:SAR) declared a monthly dividend on Wednesday, September 9th. Shareholders of record on Tuesday, October 6th will be paid a dividend of 0.25 per share by the financial services provider on Thursday, October 22nd. This represents a c) annualized dividend and a yield of 17.3%. The ex-dividend date of this dividend is Tuesday, October 6th.

Saratoga Investment has raised its dividend by an average of 0.2%annually over the last three years. Saratoga Investment has a payout ratio of 90.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Saratoga Investment to earn $2.00 per share next year, which means the company may not be able to cover its $3.00 annual dividend with an expected future payout ratio of 150.0%.

Saratoga Investment Price Performance

SAR opened at $17.35 on Thursday. The company has a 50-day moving average of $19.06 and a 200-day moving average of $21.26. The company has a market capitalization of $278.99 million, a P/E ratio of 17.35 and a beta of 0.54. Saratoga Investment has a 1-year low of $17.20 and a 1-year high of $25.15. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.09 and a current ratio of 0.09.

Saratoga Investment (NYSE:SAR) last issued its earnings results on Tuesday, July 7th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.07). The company had revenue of $30.78 million during the quarter, compared to analyst estimates of $31.38 million. Saratoga Investment had a net margin of 12.70% and a return on equity of 8.76%. Equities analysts expect that Saratoga Investment will post 1.94 EPS for the current fiscal year.

About Saratoga Investment

Saratoga Investment Corp. is a closed-end, externally managed investment company that seeks to generate current income and total return through a diversified portfolio of private U.S. companies. Trading on the New York Stock Exchange under the ticker SAR, the firm primarily targets middle-market businesses across a broad range of industries, including industrials, healthcare, consumer products, financial services and technology. Its investment approach combines debt and equity instruments, providing flexible capital solutions such as first-lien and second-lien secured loans, mezzanine debt, preferred equity and common equity positions.

As an actively managed vehicle, Saratoga Investment works closely with portfolio companies’ management teams to support growth initiatives, operational improvements, and strategic transactions.